Financial Accountant

**Overall, Purpose of the Job:** Responsible for consolidation of the group results and budgets and preparing monthly management accounts and budget reports (including variances). Drafting of interim and year end results announcements**.** **POSITION DESCRIPTION:** **Preparation of monthly management accounts:** * Obtain monthly reports from the brands and consolidate the monthly results. * Review of the reports and query any discrepancies. * Prepare a written commentary on the major variances. * Submit for review, clear any review queries and distribute to management. **Interim and Financial Year\-End Reporting:** * Using the monthly management accounts, prepare the group trial balance to be used for financial reporting. * Prepares the first draft of the interim and year end results announcement for review. * Responsible for calculating and preparing the detailed segmental report for inclusion in the financial statements. * Performs the annual impairment testing workings and liaises with auditors on this. * Performs the valuation of various options existing in the group. * Prepares various workings that are used within the financial statements (examples include minority interest, capital expenditure split, related parties, share scheme notes, etc). * Responsible for reconciling the treasury shares held by the group and calculating the number of shares for earnings and diluted earnings. **Budget preparation:** * Obtain budget reports from the brands and consolidate the budget twice a year. * Review of the reports and query any discrepancies. * Prepare a budget report detailing the budget for the next 3 years. * Submit for review, clear any review queries and distribute to management. **Compilation and sign off of subsidiary annual financial statements:** * Compile subsidiary annual financial statements in accordance with IFRS and group reporting standards. * Liaise with auditors and relevant directors to ensure that these are signed off by the required deadline. **Ad\-Hoc:** * Reviews month end recon files for head office cost centre. * Approves ad\-hoc payments paid by group finance. * Provide ad\-hoc support for the finance team as needed. **Experience:** * Trainee accountant (CA(SA) articles) \- 3 years. * Experience in a group reporting environment and preparation of financial statements would be an advance. **Education:** * Chartered Accountant.